§ 56-50-106. Reporting Requirements and Privacy
Each viatical settlement provider shall file with the commissioner on or before March 1 of each year an annual statement containing such information as the commissioner may prescribe by regulation. In addition to any other requirements, the annual statement shall specify the total number, aggregate face amount and life settlement proceeds of policies settled during […]
§ 56-50-107. Examination or Investigations
Authority, Scope and Scheduling of Examinations. The commissioner may conduct an examination under this chapter of a licensee as often as the commissioner, in the commissioner’s discretion, deems appropriate after considering the factors set forth in subdivision (a)(1)(B). In scheduling and determining the nature, scope and frequency of the examinations, the commissioner shall consider such […]
§ 56-50-108. Disclosure to Viator
With each application for a viatical settlement, a viatical settlement provider or viatical settlement broker shall provide the viator with at least the following disclosures no later than the time the application for the viatical settlement contract is signed by all parties. The disclosures shall be provided in a separate document that is signed by […]
§ 56-50-101. Scope and Short Title
This chapter applies to life settlements as defined in this chapter and shall be known and may be cited as the “Tennessee Viatical Settlement Act of 2009.”
§ 56-50-102. Chapter Definitions
As used in this chapter: “Advertising” means any written, electronic or printed communication or any communication by means of recorded telephone messages or transmitted on radio, television, the Internet or similar communications media, including film strips, motion pictures and videos, published, disseminated, circulated or placed directly before the public in this state for the purpose […]
§ 56-50-103. License and Bond Requirements
A person shall not operate as a viatical settlement provider or viatical settlement broker without first obtaining a license from the commissioner of the state of residence of the viator. A person shall not operate as a viatical settlement investment agent without first obtaining a license from the commissioner of the state of residence of […]
§ 56-50-104. License Revocation and Denial
The commissioner may refuse to issue, suspend, revoke or refuse to renew the license of a viatical settlement provider, viatical settlement broker or viatical settlement investment agent if the commissioner finds that: There was any material misrepresentation in the application for the license; The licensee or any officer, partner, member or key management personnel has […]